Oakdale Lease Extension - Your Legal Fees Calculator
Oakdale Lease Extensions: Q and A’s
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I have contacted my freeholder for a lease extension for my flat in Oakdale. His lawyers has been in contact with charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started October 1992.
I am looking at purchasing an auction property and came upon a studio flat in Oakdale. It only has a 49 year lease..the vendor as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and reduced chance of getting a mortgage with Norwich and Peterborough Building Society?
I own a share of the freehold. There are five apartments in the block. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
Me and my fiance are considering buying a 2 bed flat in Oakdale which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
My partner and I have owned a leasehold flat for around fifteen years. There are seventy three years unexpired lease on the lease. Following a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Oakdale. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm intent on purchasing a flat in Oakdale valued at £256,000 the flat has just under seventy seven years remaining on the lease. I put in an offer subject to the lease being renewed... .. that was back in September, hoping I'd be in by Christmas. They have just informed me that they are prepared to reduce the price by£8k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
We are in the throws of buying a property (a one bedroom apartment located inOakdale with share of freehold). During our search, we were always looking at flats that had a minimum 84 years left. We found a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our property lawyers advised us the lease only has 63 years and therefore requires a lease extension. Should we walk away, or do we reduce our offer?
I am currently negotiating a lease extension for my flat in Oakdale as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?